Toyota Camry Insurance Analysis

With a high safety rating, the Toyota Camry is a good car to consider for decent insurance rates.

The 2012 Toyota Camry is sportier and safer all at the same time.

The Toyota Camry is Toyota’s high-end sedan, putting it just above Toyota’s Corolla model. The body is bigger and the interior is a little bit nicer than the Corolla, which also makes it more expensive to purchase and insure.

The Camry has been redesigned twice in the last five years (2007 and again in 2012), so you may find that the insurance rates for a Camry will vary greatly depending on the year of the one you purchase. The most recent redesign in 2012 made the body of the Camry a little sportier. At the same time it has been rated safer than previous Camry models by the Insurance Institute for Highway Safety. So, it will be interesting to see how these new changes will affect insurance rates after more data is collected on this newer model.

Toyota Camry: Insurance Institute Safety Rating

The Insurance Institute of Highway Safety (IIHS) tests vehicles to see how they handle an accident and how well they protect the occupants. They rate the vehicles as good (highest rating), acceptable, marginal and poor (lowest rating). These results not only tell you as a consumer how safe the car is if you get into an accident, but also helps insurance companies determine how much to charge for the insurance on these vehicles.

After frontal crash tests, the IIHS gave the Toyota Camry a “good” rating for the 1997-2012 models. The 1994-1996 models received an “acceptable” rating.

With side impact tests, the 2006-2012 models were still rated as “good”. The 2002-2006 models (without the optional side airbags), however, were rated as “poor”.

Overall, the Toyota Camry was rated as having a “low risk of any significant injuries” making it a safe vehicle to be in during an accident. The newly redesigned 2012 model has even earned the honor of being the IIHS’s Top Safety Pick for 2012.

Toyota Camry Insurance Rating Factors

The price to insure a Toyota Camry will always depend on the amount of insurance you put on it, as well as the information of the people that will be driving the vehicle. The good news with a Toyota Camry is that it is not one of the most expensive cars to purchase insurance for. However, it is also not one of the cheapest either, it falls somewhere in between.

With the good safety rating from the Insurance Institute for Highway Safety, the insurance rates for medical payments and personal injury protection should be fairly low.

The additional safety features on this vehicle (daytime running lights, antilock brakes and electronic stability control) do all help decrease the chance of an accident. Also the Toyota Camry is a sedan and cannot do as much harm to other people’s property as larger vehicles can. All of which can lead to lower liability rates as well.

It is the comprehensive and collision coverage where you may see the higher premiums because of the higher cost to repair the Toyota Camry.

Because insurance rates are based off so many different factors, it is best to contact your agent or insurance company for a quote on how much it would be to insure a Toyota Camry.